AB150-ASA1-AA26,97,72
70.337
(7) This section does not apply to property that is exempt under s. 70.11
3(13), (13m), (15), (15m), (21) or (30), property that is exempt under s. 70.11 (18) if a
4payment in lieu of taxes is made for that property, lake beds owned by the state, state
5forests under s. 28.03 or 28.035, county forests under s. 28.10
, property acquired by
6the department of transportation under s. 85.08 (2) (L) or 85.09 or highways, as
7defined in s. 340.01 (22).".
AB150-ASA1-AA26,97,1312
70.57
(3) In determining the value of agricultural land under sub. (1), the
13department shall fulfill the requirements under s. 70.32 (2r).".
AB150-ASA1-AA26,98,518
71.05
(1) (a)
Retirement systems. All payments received from the U.S. civil
19service retirement system, the U.S. military employe retirement system, the
20employe's retirement system of the city of Milwaukee, Milwaukee county employes'
21retirement system, sheriff's annuity and benefit fund of Milwaukee county, police
22officer's annuity and benefit fund of Milwaukee, fire fighter's annuity and benefit
23fund of Milwaukee, or the public employe trust fund as successor to the Milwaukee
24public school teachers' annuity and retirement fund and to the Wisconsin state
1teachers retirement system, which are paid on the account of any person who was
2a member of the paying or predecessor system or fund as of December 31, 1963, or
3was retired from any of the systems or funds as of December 31, 1963,
and who is a
4resident of this state but such exemption shall not exclude from gross income tax
5sheltered annuity benefits.".
AB150-ASA1-AA26,98,16
9"5. "Qualifying individual" means a dependent of a member of a targeted group
10who is employed by a claimant and with respect to whom the member is entitled to
11a deduction under section
151 (c) of the internal revenue code for federal income tax
12purposes, a dependent of a member of a targeted group who is employed by a
13claimant if the dependent is physically or mentally incapable of caring for himself
14or herself or the spouse of a member of a targeted group who is employed by the
15claimant if the spouse is physically or mentally incapable of caring for himself or
16herself.".
AB150-ASA1-AA26,98,22
20372. Page 1111, line 13: before the final period insert: "and after the claimant
21is certified under s. 560.765 (3), entitled under s. 560.795 (3) (a) or certified under s.
22560.797 (4) (a)".
AB150-ASA1-AA26,99,97
71.07
(2dj) (h) For claims based on activity in a zone under s. 560.797, the rules
8under sub. (2di) (b) and (c) as they apply to the credit under that subsection apply
9to the credit under this subsection.".
AB150-ASA1-AA26,99,1412
71.07
(2ds) (h) For claims based on activity in a zone under s. 560.797, the rules
13under sub. (2di) (b) and (c) as they apply to the credit under that subsection apply
14to the credit under this subsection.".
AB150-ASA1-AA26,99,18
17"
Section 3393w. 71.10 (3) of the statutes, as affected by 1995 Wisconsin Act
18.... (this act), is repealed.".
AB150-ASA1-AA26,99,22
21"
Section 3394mm. 71.10 (4) (gd), (ge), (gs) and (gt) of the statutes are created
22to read:
AB150-ASA1-AA26,100,2
171.10
(4) (gd) Development zones jobs credit under s. 71.07 (2dj) if the credit
2is based on activity in a zone under s. 560.797.
AB150-ASA1-AA26,100,43
(ge) Development zones sales tax credit under s. 71.07 (2ds) if the credit is
4based on activity in a zone under s. 560.797.
AB150-ASA1-AA26,100,55
(gs) Development zones day care credit under s. 71.07 (2dd).
AB150-ASA1-AA26,100,66
(gt) Development zones environmental remediation credit under s. 71.07 (2de).
AB150-ASA1-AA26,100,158
71.10
(4) (i) The total of claim of right credit under s. 71.07 (1), farmland
9preservation credit under subch. IX, homestead credit under subch. VIII, farmland
10tax relief credit under s. 71.07 (3m), farmers' drought property tax credit under s.
1171.07 (2fd), development zones sales tax credit under s. 71.07 (2ds)
unless the credit
12is based on activity in a zone under s. 560.797, development zones jobs credit under
13s. 71.07 (2dj)
unless the credit is based on activity in a zone under s. 560.797, earned
14income tax credit under s. 71.07 (9e), estimated tax payments under s. 71.09, and
15taxes withheld under subch. X.".
AB150-ASA1-AA26,100,2219
71.10
(5e) Wisconsin election campaign fund. (a)
Voluntary payments. 1.
20`Designation on return.' Any individual filing an income tax return may designate
21on the return any amount of additional payment or any amount of a refund due that
22individual for the Wisconsin election campaign fund.
AB150-ASA1-AA26,101,3
12. `Designation added to tax owed.' If the individual owes any tax, the
2individual shall remit in full the tax due and the amount designated on the return
3for the Wisconsin election campaign fund when the individual files a tax return.
AB150-ASA1-AA26,101,74
3. `Designation deducted from refund.' Except as provided under par. (c) if the
5individual is owed a refund for that year after crediting under ss. 71.75 (9) and 71.80
6(3), the department of revenue shall deduct the amount designated on the return for
7the Wisconsin election campaign fund from the amount of the refund.
AB150-ASA1-AA26,101,118
(b)
Errors; failure to remit correct amount. If an individual who owes taxes fails
9to remit an amount equal to or in excess of the total of the actual tax due, after error
10corrections, and the amount designated on the return for the Wisconsin election
11campaign fund:
AB150-ASA1-AA26,101,1712
1. The department shall reduce the designation for the Wisconsin election
13campaign fund program to reflect the amount remitted in excess of the actual tax
14due, after error corrections, if the individual remitted an amount in excess of the
15actual tax due, after error corrections, but less than the total of the actual tax due,
16after error corrections, and the amount originally designated on the return for the
17Wisconsin election campaign fund.
AB150-ASA1-AA26,101,2018
2. The designation for the Wisconsin election campaign fund is void if the
19individual remitted an amount equal to or less than the actual tax due, after error
20corrections.
AB150-ASA1-AA26,102,221
(c)
Errors; insufficient refund. If an individual who is owed a refund which does
22not equal or exceed the amount designated on the return for the Wisconsin election
23campaign fund, after crediting under ss. 71.75 (9) and 71.80 (3) and after error
24corrections, the department shall reduce the designation for the Wisconsin election
1campaign fund to reflect the actual amount of the refund the individual is otherwise
2owed, after crediting under ss. 71.75 (9) and 71.80 (3) and after error corrections.
AB150-ASA1-AA26,102,43
(d)
Conditions. If an individual places any conditions on a designation for the
4Wisconsin election campaign fund, the designation is void.
AB150-ASA1-AA26,102,75
(e)
Void designation. If a designation for the Wisconsin election campaign fund
6is void, the department of revenue shall disregard the designation and determine
7amounts due, owed, refunded and received without regard to the void designation.
AB150-ASA1-AA26,102,128
(f)
Tax return. The secretary of revenue shall provide a place for the
9designations under this subsection on the individual income tax return and the
10secretary shall highlight that place on the return by a symbol chosen by the
11department of revenue that relates to elections. The names of persons making
12designations under this subsection shall be strictly confidential.
AB150-ASA1-AA26,102,2313
(g)
Certification of amounts. Annually, on or before August 15, the secretary
14of revenue shall certify to the elections board and the secretary of administration the
15total amount received from all designations for the Wisconsin election campaign
16fund made by taxpayers during the previous fiscal year. Amounts designated for the
17Wisconsin election campaign fund under this subsection are not subject to refund to
18the taxpayer unless the taxpayer submits information to the satisfaction of the
19department within 18 months after the date taxes are due or the date the return is
20filed, whichever is later, that the amount designated is clearly in error. Any refund
21granted by the department of revenue under this subdivision shall be deducted from
22the moneys received under this subsection in the fiscal year that the refund is
23certified.".
AB150-ASA1-AA26,103,42
71.21
(4) Credits computed by a partnership under s. 71.07
(2dd), (2de), (2di),
3(2dj), (2dL) and (2ds) and passed through to partners or members shall be added to
4the partnership's or limited liability company's income.".
AB150-ASA1-AA26,103,17
10"5. "Qualifying individual" means a dependent of a member of a targeted group
11who is employed by a claimant and with respect to whom the member is entitled to
12a deduction under section
151 (c) of the internal revenue code for federal income tax
13purposes, a dependent of a member of a targeted group who is employed by a
14claimant if the dependent is physically or mentally incapable of caring for himself
15or herself or the spouse of a member of a targeted group who is employed by the
16claimant if the spouse is physically or mentally incapable of caring for himself or
17herself.".
AB150-ASA1-AA26,104,3
1394. Page 1134, line 22: before the final period insert "and after the claimant
2is certified under s. 560.765 (3), entitled under s. 560.795 (3) (a) or certified under s.
3560.797 (4) (a)".
AB150-ASA1-AA26,104,1311
71.28
(1dj) (h) For claims based on activity in a zone under s. 560.797, the rules
12under sub. (1di) (b) and (c) as they apply to the credit under that subsection apply
13to the credit under this subsection.".
AB150-ASA1-AA26,104,1816
71.28
(1ds) (h) For claims based on activity in a zone under s. 560.797, the rules
17under sub. (1di) (b) and (c) as they apply to the credit under that subsection apply
18to the credit under this subsection.".
AB150-ASA1-AA26,104,2221
71.30
(3) (eb) Development zones jobs credit under s. 71.28 (1dj) if the credit
22is based on activity in a zone under s. 560.797.
AB150-ASA1-AA26,105,2
1(ec) Development zones sales tax credit under s. 71.28 (1ds) if the credit is based
2on activity in a zone under s. 560.797.
AB150-ASA1-AA26,105,94
71.30
(3) (f) The total of farmers' drought property tax credit under s. 71.28
5(1fd), farmland preservation credit under subch. IX, farmland tax relief credit under
6s. 71.28 (2m), the development zones sales tax credit under s. 71.28 (1ds)
unless the
7credit is based on activity in a zone under s. 560.797, the development zones job credit
8under s. 71.28 (1dj)
unless the credit is based on activity in a zone under s. 560.797 9and estimated tax payments under s. 71.29.".
AB150-ASA1-AA26,105,20
13"5. "Qualifying individual" means a dependent of a member of a targeted group
14who is employed by a claimant and with respect to whom the member is entitled to
15a deduction under section
151 (c) of the internal revenue code for federal income tax
16purposes, a dependent of a member of a targeted group who is employed by a
17claimant if the dependent is physically or mentally incapable of caring for himself
18or herself or the spouse of a member of a targeted group who is employed by the
19claimant if the spouse is physically or mentally incapable of caring for himself or
20herself.".
